Farmington Hills Real Estate & Homes for Sale in Oakland County, Michigan

Farmington Hills Real Estate in Michigan

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Farmington Hills Real Estate & Homes for Sale in Michigan

Farmington Hills:Located just a few miles northwest of Detroit in prestigious Oakland County, the communities of Farmington Hills and Farmington provide residents with a unique blend of small town charm, international diversity and cutting-edge commerce. The city of Farmington is completely surrounded by Farmington Hills, the largest community in the county with some 82,000 residents. By comparison, Farmington is home to approximately 10,500 people. The Village of Farmington was incorporated in 1867 and in 1927 it became a city. The rest of the township became the city of Farmington Hills and was incorporated in 1973. Farmington is known for its historic downtown area and is home to many community events, including the annual Founders Festival featuring handmade craft items, fine arts, free entertainment, children�s rides and an ox roast. Real estate options consist of single-family homes for sale, condominiums, townhouses and land for custom building.

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Real Estate in Farmington Hills Michigan

Farmington Hills Real Estate and Homes for Sale in Oakland county, Michigan

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Real Estate Market Summary - Prices of Farmington Hills Homes for Sale

Whether you are looking to buy or sell Farmington Hills real estate, use our helpful resources to find Farmington Hills homes for sale. The real estate market is comprised mainly of new developments with most of the homes built between 1980 and 1990. Pricing for condos and townhouses starts as low as $50,000 and can range up to $700,000 and more for multi-story detached models. Farmington Hills homes start below $100,000 and reach up to $2.5 million and more for grand estates on spacious properties. Home prices have decreased since last year, this is a great opportunity for first time home buyers to find a more affordable property. There are currently many first time home buyer incentives. Find your next home in Farmington Hills Michigan today!

Average Prices of 3 Bed Homes

-- May 19th, 2012 --

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Farmington Hills Real Estate Stats and Trends for the week of September 22nd, 2008: homes priced around $303,093 compared to $303,093 the previous week, to remain steady with no change in listing price. For Saturday, May 19th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Farmington Hills MI. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Farmington Hills to help you find the best home!

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